Bank of America Corp DE increased its position in Varex Imaging Corp (NASDAQ:VREX) by 11.1% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 979,130 shares of the company’s stock after acquiring an additional 97,742 shares during the period. Bank of America Corp DE owned about 2.58% of Varex Imaging worth $36,315,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in VREX. Renaissance Technologies LLC raised its stake in Varex Imaging by 1.0% during the 2nd quarter. Renaissance Technologies LLC now owns 271,900 shares of the company’s stock valued at $10,085,000 after buying an additional 2,700 shares during the last quarter. Commonwealth Bank of Australia raised its stake in Varex Imaging by 16.5% during the 2nd quarter. Commonwealth Bank of Australia now owns 812,907 shares of the company’s stock valued at $30,145,000 after buying an additional 115,342 shares during the last quarter. Citadel Advisors LLC purchased a new stake in Varex Imaging during the 2nd quarter valued at $2,047,000. Dimensional Fund Advisors LP raised its stake in Varex Imaging by 5.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 645,581 shares of the company’s stock valued at $23,944,000 after buying an additional 31,724 shares during the last quarter. Finally, BlackRock Inc. raised its stake in Varex Imaging by 9.5% during the 2nd quarter. BlackRock Inc. now owns 5,549,006 shares of the company’s stock valued at $205,812,000 after buying an additional 479,694 shares during the last quarter. Institutional investors own 93.60% of the company’s stock.

In other Varex Imaging news, Director Walter M. Rosebrough, Jr. acquired 10,000 shares of the business’s stock in a transaction dated Tuesday, August 7th. The stock was purchased at an average price of $28.39 per share, with a total value of $283,900.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Clarence R. Verhoef acquired 3,300 shares of the business’s stock in a transaction dated Friday, August 17th. The shares were acquired at an average cost of $29.58 per share, with a total value of $97,614.00. The disclosure for this purchase can be found here. In the last three months, insiders have bought 20,300 shares of company stock valued at $578,774. Insiders own 1.60% of the company’s stock.

Shares of VREX opened at $29.50 on Thursday. The firm has a market cap of $1.12 billion, a price-to-earnings ratio of 16.26, a P/E/G ratio of 2.22 and a beta of 1.80. The company has a quick ratio of 1.42, a current ratio of 3.16 and a debt-to-equity ratio of 0.89. Varex Imaging Corp has a 1-year low of $27.31 and a 1-year high of $43.76.

Varex Imaging (NASDAQ:VREX) last announced its earnings results on Thursday, August 2nd. The company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.17). The company had revenue of $191.20 million for the quarter, compared to analysts’ expectations of $196.88 million. Varex Imaging had a net margin of 5.39% and a return on equity of 15.16%. Varex Imaging’s quarterly revenue was up 12.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.44 earnings per share. sell-side analysts expect that Varex Imaging Corp will post 1.33 earnings per share for the current year.

A number of equities research analysts have weighed in on VREX shares. ValuEngine lowered shares of Varex Imaging from a “buy” rating to a “hold” rating in a research note on Friday, August 3rd. Jefferies Financial Group decreased their target price on shares of Varex Imaging to $33.00 and set a “buy” rating for the company in a research note on Friday, August 3rd. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Varex Imaging has an average rating of “Hold” and an average price target of $35.67.

Varex Imaging Company Profile

Varex Imaging Corporation designs and manufactures X-ray imaging components. The company operates in two segments, Medical and Industrial. The Medical segment designs, manufactures, sells, and services X-ray imaging components comprising X-ray tubes, digital flat panel image detectors, high voltage connectors, image-processing software and workstations, computer-aided diagnostic software, collimators, automatic exposure control devices, generators, ionization chambers, and buckys.

Further Reading: Book Value Per Share – BVPS

Want to see what other hedge funds are holding VREX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Varex Imaging Corp (NASDAQ:VREX).

Institutional Ownership by Quarter for Varex Imaging (NASDAQ:VREX)

Receive News & Ratings for Varex Imaging Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Varex Imaging and related companies with MarketBeat.com's FREE daily email newsletter.